Nacha News

Nacha creates broadly adopted payment and financial messaging rules and standards through consensus-led governance, international collaboration, and innovative development practices. We continually advance the ubiquitous ACH Network and engage diverse stakeholders to accelerate a digital future of global financial services interoperability.

818 results

IRS Reminds Taxpayers that Direct Deposit is the Fastest Way to Receive a Refund

January 14, 2020
Want your tax refund fast? Use Direct Deposit. And while you’d normally think that’s what we’d say, this time it’s not. That’s coming from the Internal Revenue Service, which called Direct Deposit the “simple, safe and secure” way to get your tax refund. In a recent web post, the IRS reminded taxpayers that with tax season upon us “choosing to have (your) tax refund directly deposited … is the fastest way to get (your) refund.” That’s good news for the 96 million Americans who are expecting a refund this year – many of whom are already using Direct Deposit.
Blog

Nacha Government Relations Update – Jan. 9, 2020

January 8, 2020
On Dec. 19, 2019, the Office of the Comptroller of the Currency appealed a decision by a federal judge that said the agency cannot issue bank charters to institutions that don’t take deposits.

Missing Appendix 8? What You Need to Know

January 8, 2020
If you're missing Appendix 8 of the Nacha Operating Rules, don't worry. A recent Nacha webinar showed there's other ACH audit guidance available.
Blog

Nacha Announces New Officers and Directors for 2020

January 6, 2020
Nacha today announced its new Board Chairperson and Secretary/Treasurer as well as six new directors. The Nacha Board oversees the governance and administration of Nacha as the ACH Network administrator and industry trade association. “We are pleased to welcome our new officers and directors,” said Nacha President and CEO Jane Larimer. “Together our Board represents a diverse set of financial institution voices and helps us ensure the modern ACH Network continues to thrive and evolve.” The Board of Directors elected Joe W. Hussey to serve as Chairperson for 2020.
Press Release

Nacha Confirms Effective Date of Same Day ACH Expansion

December 23, 2019
As the steward of the ACH Network, Nacha applauds the Federal Reserve Board of Governors’ approval today of the extension of the National Settlement Service operating hours, which is necessary for the expansion of Same Day ACH. With the issuance of the notice today by the Board of Governors, Nacha confirms that the effective date of the expansion of Same Day ACH is March 19, 2021. Same Day ACH is a faster payment option that reaches all U.S. banks and credit unions.
Article

Nacha Announces Persistent Systems as a Preferred Partner for Digital Banking Solutions

December 18, 2019
Persistent Systems is now a Nacha Preferred Partner for digital banking solutions. In becoming a Nacha Preferred Partner, Persistent joins a select group of innovators contributing to Nacha’s strategic efforts in support of the ACH payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for payments.  “Our digital banking partners represent the industry’s leading technology providers,” said Nacha President and CEO Jane Larimer.

Nacha Announces Trustly as a Preferred Partner for Online Banking Payment & Verification

December 18, 2019
Trustly (formerly known as PayWithMyBank in the U.S.) is now a Nacha Preferred Partner for Online Banking Payment & Verification. In becoming a Nacha Preferred Partner, Trustly joins a select group of innovators contributing to Nacha’s strategic efforts in support of the ACH payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.  “Our Preferred Partners play a key role in the nation’s smarter, faster and safer payments environment,” said Nacha President and CEO
Press Release